Well the way they get around taxes is basically like this:
1.) US-based HQ, but they have employees in India so they pay local taxes there
2.) US-based HQ, but they have customers in China so they pay local taxes there
If they take those accounts here, they're double taxed.
Before the '70s, weren't we adamant on not trading with communist countries?
But if we don't backstab and exploit, is the market truly free?
Backstabbing and exploitation SHOULDN'T have a place in the free market. Just because it's a free market doesn't mean it's a free-for-all. It's like recess with no teachers. Every game needs rules. Anyone can make a quick buck by exploitation and backstabbing, but that doesn't mean they should.
Now why can't politicians and business leaders see this massive flaw in our thinking? Of course we are going to falter if we don't make anything here, and outsource jobs to foreign countries.
I keep hearing people say things like that about NAFTA, but when I research the agreement and it's effects, I don't see where NAFTA has hurt us very much, if at all.
Welcome to Capitalism. Just because they "shouldn't" doesn't mean they wont given the chance.
Without REGULATION, people will go free for all. If no one holds them accountable, they wont hold themselves accountable.
It is quite simple it comes by large corporations trying to make a quick profit today and disregarding the consequence for the future, it is American corporations who are making the stuff in Asia, they do it because with the slave labor wages they can get away with paying there, they maximize there profits for there share holders, American corporations have been making record profits, at the cost of destroying the economic base of the USA and creating mass unemployment while lowering the standard of living for the average citizen in the USA, Only the elite super wealthy have benefited as they have grown richer and our government policy has aloud this to happen because of political donations politicians now rely on and lobbyists paid to influence the way that laws are made for there wealthy masters
Don't preach to me.
Are you not reading what I'm saying? It's pretty ****ing clear from my post that regulation is required in a free market.
See, you try to talk down to people, but you don't really know what you're saying or, more importantly, what other people are saying. You have officially used all caps to be condescending on a point that I already made. Great ****ing job.